Kaynes Technology India Limited IPO : Financials and Key Dates

Kaynes Technology India Limited initiated its business operations in 2008. The company is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. It is among the first companies in India to offer design led electronics manufacturing to Original equipment manufacturers. The company has 8 Manufacturing facilities in India at Tamil Nadu, Haryana, Karnataka, Himachal Pradesh and Uttarakhand. It has more than 1140 vendors and Sources its materials from domestic modes as well as North America, Singapore and Europe.

IPO DETAILS

Kaynes Technology India Limited IPO is set to launch on 10 Nov., 2022. The subscription timeline extends till 14 Nov., 2022. The size for the IPO is 857.82 Crore Rs.. Shares issued through Offer For Sale are worth 327.82 Crore Rs. Shares issued through Fresh Issue mode are worth 530 Crore Rs.. The lot size is 25 shares and the price range is 559 Rs. – 587 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	10 Nov., 2022
CLOSING DATE FOR IPO	14 Nov., 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	559 Rs. – 587 Rs.
LOT SIZE	25 shares
MINIMUM ORDER QUANTITY	25 shares
ISSUE SIZE	857.82 Crore Rs.
OFFER FOR SALE	327.82 Crore Rs.
FRESH ISSUE	530 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	22 Nov., 2022

IMPORTANT DATES

IPO OPENING DATE	10 Nov., 2022
CLOSING DATE FOR IPO	14 Nov., 2022
IPO ALLOTMENT DATE	17 Nov., 2022
REFUNDS	18 Nov., 2022
DEMAT A/C CREDITED ON	21 Nov., 2022
IPO LISTING DATE	22 Nov., 2022

Kaynes Technology India Limited IPO begins for subscription from 10 Nov., 2022. The IPO subscription would continue till 14 Nov, 2022. The allotment status for the shareholders who applied would come on 17 Nov., 2022. The refunds for the ones who did not get allotment would be initiated on 18 Nov., 2022. The DEMAT accounts of shareholders would be credited on 21 Nov., 2022. The listing of the company would be accompanied on 22 Nov., 2022.

Lead Managers

The lead managers are :

• IIFL Securities Limited
• DAM Capital Advisors Limited

The minimum lot size for the company is decided at 25 shares. This holding accounts to 14675 Rs.. The maximum lot size is decided at 325 shares. This amounts to 190775 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	25 shares	14675 Rs.
Maximum	325 shares	190775 Rs.

OBJECTIVES FOR THE IPO

• The company will pay off the borrowings of its gas from some part of the IPO money.
• For funding the working capital requirements of the company.
• For expansion of the existing facilities in Mysore and Manesar.
• Investment into the Kaynes Electronics Manufacturing Private Limited for setting up of a plant at Chamarajanagar.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2019-20	2018-19
ASSETS	419	378	363
Revenue	424	370	366
PAT	9.7	9.3	9.7

Kaynes Technology India Limited’s asset base is expanding at a slower rate. The company had 363 Crore Rs of assets in 2019 which increased to 378 Crore Rs in 2020 and went on to 419 Crore Rs in 2021. Also the revenue base is expanding at a slow pace as well. The revenue was recorded at 366 Crore Rs in 2019 which increased to 370 Crore Rs in 2020 and this went up to 424 Crore Rs in 2021. 

The Profits earned are very low. The company generated 9.7 Crore Rs in profits in 2019 which went down to 9.3 Crore Rs in 2020 and again went up to 9.7 CroreRS in 2021. This indicates that the profits of the company are not stable and also they are not increasing even with an increase in the asset base of the revenue generation.

PROS

• Kaynes Technology India Limited is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company.
• The company has 8 Manufacturing facilities in India at Tamil Nadu, Haryana, Karnataka, Himachal Pradesh and Uttarakhand.
• It has more than 1140 vendors and Sources its materials from domestic modes as well as North America, Singapore and Europe.

CONS

• It has a lower profit base in comparison to the money invested in assets.

Kaynes Technology India Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Kaynes Technology India Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.